Pave

Analysis

Pave is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pave reported income of $2.0m and spending of $1.5m, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $2.0m (+21%), an average of +4.9% a year. The sharpest change came in the year to September 2021, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pave sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Lula Rich Educational Foundation Inc ($2.0m), Colegio San Gabriel Inc ($2.0m) and Clay County Christian Academy Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (4.3% of expenses). Other salaries and wages came to $727k. At year end it held assets of $955k against liabilities of $268k, net assets of $687k. It reported 27 employees.